Basel Medical (BMGL) filed for an initial public offering of 2.205M ordinary shares. Cathay Securities is acting as the underwriter for this ...
Singapore banks declare multi-billion dollar capital returns; OCBC Q4 profit misses
Singapore's second-largest bank, Oversea-Chinese Banking Corp , on Wednesday joined rivals in declaring multi-billion capital returns alongside their 2024 record earnings but warned of an uncertain ...
OCBC CEO Helen Wong thinks AI will create more banking jobs
As part of its earnings report, OCBC revealed that it will return 2.5 billion Singapore dollars to shareholders over two years through dividends and buybacks.
HSBC Names Asia Country, Banking Heads in CEO’s Major Revamp
HSBC Holdings Plc gave country heads in some smaller Asian markets additional responsibilities as the lender streamlines and removes management layers.
Singapore equities climb 6% on gains in finance, telecom sectors: FTSE Russell
Singapore’s equity market delivered a 6.0% return, outperforming its ASEAN peers. Singapore’s strong equity performance, driven by Financials, Telecom, and Utilities, reflects robust market sentiment, ...
UOB lowers full-year inflation forecast amidst disinflation in January
Both core and headline inflation dropped in January. Singapore's core and headline inflation dropped to 0.8% and 1.2% in January from 1.7% and 1.5% in December 2024, respectively. Analysts at UOB ...
OCBC to return $2.5b capital via special dividends and share buybacks, Q4 profit misses estimates
SINGAPORE - OCBC on Feb 26 announced it will return $2.5 billion of capital to shareholders over two years via special dividends and share buybacks, as the bank delivered a record profit of $7.59 ...
Singapore’s Mapletree wins land tender, adds Tsing Yi logistics site to Hong Kong assets
Hong Kong has awarded Singapore’s Mapletree Investments a 50-year land grant to a parcel of land in the New Territories for about HK$3.68 billion (US$473 million), according to the Lands Department on ...
Fund managers welcome MAS’ $5b boost for stock market; SGX shares up nearly 4%
But they said they would still have to look at liquidity and fundamentals, especially those of smaller stocks. Read more at straitstimes.com.
Budget Brief: Singapore Defense Budget Growth Continues
Singapore’s defense budget is set to increase by double digits for the fourth time in five years in 2025 as the city-state responds to a deteriorating global security environment. According to the ...
OCBC, UOB poised to gain most from JS-SEZ; DBS could seek to expand Malaysia footprint: analysts
AMONG the trio of local banks, OCBC and UOB are expected to stand to gain the most from the Johor-Singapore Special Economic Zone (JS-SEZ) as facilitators of investment and trade, given their sizeable ...
DBS, Southeast Asia’s largest bank, is cutting 4,000 temp roles due to AI: ‘For the first time, I’m struggling to create jobs’
DBS is Southeast Asia’s largest bank by revenue, and ranks No. 10 on Fortune’s Southeast Asia 500. It’s the first of Singapore’s Big Three banks to suggest how AI will aff ...
Poster girl Hannah Green looks forward to title defence at HSBC Women’s World Championship
Green is aiming to become just the second golfer to retain her title at the HSBC Women's World Championship. Read more at straitstimes.com.
Singapore introduces guidelines to minimise disruptions to cloud services and data centres
The guidelines for data centres will provide a framework for operators to instill systems to ensure business continuity and minimise service disruptions.
Singapore banks complete interest rate benchmark transition to SORA
The SORA market has since grown to more than $3 trillion in outstanding derivatives, bonds, and loans, comparable to the size of the SOR and SIBOR market before the start of the transition exercise.
The 2025 HSBC Women’s World Championship promises world-class golf and endless fun
The HSBC Women’s World Championship in Singapore is one of the most anticipated tournaments on the calendar – here's what to expect for 2025.